Biden's Economy Is In Trouble

[Independent thinker]

Warning signs are already here.

1. Credit card delinquencies are rising​

2. Americans are saving less​

3. Consumer confidence has fallen three months in a row​

4. Consumers aren't planning to splurge this holiday season​

5. Retailers aren't hiring as much ahead of the holidays​

This doesn't even take into account the Middle East Situation

American consumers may be starting to buckle. Here are 5 warning signs a spending slowdown is on the horizon.

Brace for a consumer-led slowdown that could put the US economy on the brink of recession, a strategist told Insider.

www.yahoo.com

 

[Magnus]

Warning signs are already here.

1. Credit card delinquencies are rising​

2. Americans are saving less​

3. Consumer confidence has fallen three months in a row​

4. Consumers aren't planning to splurge this holiday season​

5. Retailers aren't hiring as much ahead of the holidays​

This doesn't even take into account the Middle East Situation

American consumers may be starting to buckle. Here are 5 warning signs a spending slowdown is on the horizon.

Brace for a consumer-led slowdown that could put the US economy on the brink of recession, a strategist told Insider.

www.yahoo.com

The Improbably Strong Economy​

A lot had to go right for the U.S. to avoid a recession. So far, it has.​

The Wall Street Journal
Nov. 3, 2023

The economy is still generating jobs. A year ago, a lot of economists and Federal Reserve policy makers thought that it would be shedding them by now.

On Friday, the Labor Department reported that the U.S. added a seasonally-adjusted 150,000 jobs in October from the previous month, versus September’s gain of 297,000 jobs.

Average hourly earnings rose 0.2% from a month earlier, putting them 4.1% higher than a year earlier. That was the smallest year-over-year gain since June 2021, though unlike then wages are now outpacing inflation.

One takeaway is that the job market is moderating, but not buckling—a message reinforced by a variety of other data, including low levels of weekly unemployment claims and layoffs. Another is that the Federal Reserve is probably through with tightening: Futures markets on Friday morning indicated that the chance of the central bank raising its target range on overnight rates at its December meeting was below 10%. The yield on the 10-year Treasury note, which briefly hit 5% less than two weeks ago, continued to retreat Friday, falling to 4.53% midmorning.

The Improbably Strong Economy

A lot had to go right for the U.S. economy to avoid a recession. So far, it has.

www.wsj.com

 

[jwoodie]

Democrats know that their gravy train is ending and are starting to cash out now. Partisan payoffs (aka Executive Orders) will be coming fast and furious over the next year.

 

[The Irish Ram]

Warning signs are already here.

1. Credit card delinquencies are rising​

2. Americans are saving less​

3. Consumer confidence has fallen three months in a row​

4. Consumers aren't planning to splurge this holiday season​

5. Retailers aren't hiring as much ahead of the holidays​

This doesn't even take into account the Middle East Situation

American consumers may be starting to buckle. Here are 5 warning signs a spending slowdown is on the horizon.

Brace for a consumer-led slowdown that could put the US economy on the brink of recession, a strategist told Insider.

www.yahoo.com

Well, as long as they are splurging in the Ukraine, it's all good...

 

[wamose]

The bad part is, he's making it real hard on Trump when he takes over, unlike what Trump did for him. God forbid this buffoon got reelected because that would absolutely be the end of this country. MAGA

 

[okfine]

Warning signs are already here.

1. Credit card delinquencies are rising​

2. Americans are saving less​

3. Consumer confidence has fallen three months in a row​

4. Consumers aren't planning to splurge this holiday season​

5. Retailers aren't hiring as much ahead of the holidays​

This doesn't even take into account the Middle East Situation

American consumers may be starting to buckle. Here are 5 warning signs a spending slowdown is on the horizon.

Brace for a consumer-led slowdown that could put the US economy on the brink of recession, a strategist told Insider.

www.yahoo.com

Sure thing. Blame Biden for what the citizens do to themselves.

 

[JoeMoma]

Warning signs are already here.

1. Credit card delinquencies are rising​

2. Americans are saving less​

3. Consumer confidence has fallen three months in a row​

4. Consumers aren't planning to splurge this holiday season​

5. Retailers aren't hiring as much ahead of the holidays​

This doesn't even take into account the Middle East Situation

American consumers may be starting to buckle. Here are 5 warning signs a spending slowdown is on the horizon.

Brace for a consumer-led slowdown that could put the US economy on the brink of recession, a strategist told Insider.

www.yahoo.com

Unfortunately Biden's economy is America's economy.

 

[sealybobo]

Warning signs are already here.

1. Credit card delinquencies are rising​

2. Americans are saving less​

3. Consumer confidence has fallen three months in a row​

4. Consumers aren't planning to splurge this holiday season​

5. Retailers aren't hiring as much ahead of the holidays​

This doesn't even take into account the Middle East Situation

American consumers may be starting to buckle. Here are 5 warning signs a spending slowdown is on the horizon.

Brace for a consumer-led slowdown that could put the US economy on the brink of recession, a strategist told Insider.

www.yahoo.com

Republicans aren't going to fix inflation. The Fed's already fixing it.

This is what Republicans want to do. Same thing Bush did.

• “Curb wasteful government spending …”
• Enact “pro-growth tax and deregulatory policies …” (cut taxes and regulations)
• “Make America energy independent …” (specifically through oil and gas production)

Biden's already on it

President Joe Biden, for his part, has partially wrapped independence from China and building up US manufacturing into his climate policy, and on Wednesday announced $2.8 billion in grants for US battery supply chains under authority from the bipartisan infrastructure law that passed last year.

the primary job of controlling inflation belongs to the Federal Reserve, not Congress or the White House.

https://www.cnn.com/2022/10/19/politics/republicans-inflation-midterm-what-matters/index.html

Fact-checking Republican attempts to blame inflation on Democrats

As the US economy gradually recovers from the coronavirus pandemic, prices are rising across the board with inflation exceeding the Federal Reserve's 2% target and reaching a 13-year high in June. Republicans have turned that jump in inflation into a political talking point, trying to place the...

www.cnn.com

Then at the Republican debate

Ron DeSantis and Chris Christie Call Out Trump for Adding to Federal Debt​

"He owes it to you to defend his record where they added $7.8 trillion to the debt that set the stage for the inflation that we have."​

 

[sealybobo]

Unfortunately Biden's economy is America's economy.

God bless the auto unions. They were smart. In 10 or 20 years their jobs will be automated. Get paid while you can. Sending their jobs to China isn't as attractive now as it was on Bush's watch.

 

[Rambunctious]

Republicans aren't going to fix inflation. The Fed's already fixing it.

This is what Republicans want to do. Same thing Bush did.

• “Curb wasteful government spending …”
• Enact “pro-growth tax and deregulatory policies …” (cut taxes and regulations)
• “Make America energy independent …” (specifically through oil and gas production)

Biden's already on it

President Joe Biden, for his part, has partially wrapped independence from China and building up US manufacturing into his climate policy, and on Wednesday announced $2.8 billion in grants for US battery supply chains under authority from the bipartisan infrastructure law that passed last year.

the primary job of controlling inflation belongs to the Federal Reserve, not Congress or the White House.

https://www.cnn.com/2022/10/19/politics/republicans-inflation-midterm-what-matters/index.html

Fact-checking Republican attempts to blame inflation on Democrats

As the US economy gradually recovers from the coronavirus pandemic, prices are rising across the board with inflation exceeding the Federal Reserve's 2% target and reaching a 13-year high in June. Republicans have turned that jump in inflation into a political talking point, trying to place the...

www.cnn.com

Then at the Republican debate

Ron DeSantis and Chris Christie Call Out Trump for Adding to Federal Debt​

"He owes it to you to defend his record where they added $7.8 trillion to the debt that set the stage for the inflation that we have."​

If this was Trump's presidency the media and the financial world would be calling this a recession.... and so would you...

 

[Meister]

The bad part is, he's making it real hard on Trump when he takes over, unlike what Trump did for him. God forbid this buffoon got reelected because that would absolutely be the end of this country. MAGA

It was the same thing that Obama did to Trump....hey...wait a minute, you don't suppose that Obama is....nah, it's just an
uncanny coincidence.....isn't it?

 

[sealybobo]

If this was Trump's presidency the media and the financial world would be calling this a recession.... and so would you...

Nope. Look up the definition of a recession idiot.

 

[Harpy Eagle]

It was the same thing that Obama did to Trump....hey...wait a minute, you don't suppose that Obama is....nah, it's just an
uncanny coincidence.....isn't it?

Seems Obama handed Trump a nice, thriving economy in the midst of a record setting period of growth in this country

Trump handed over an economy wrecked by a shit response to COVID and a pubic flush with cash thanks to all the government give aways

 

[1srelluc]

God bless the auto unions. They were smart. In 10 or 20 years their jobs will be automated. Get paid while you can. Sending their jobs to China isn't as attractive now as it was on Bush's watch.

How are they going to get paid when their most popular product is a 80K+ PU?

 

[sealybobo]

How are they going to get paid when their most popular product is a 80K+ PU?

You just keep buying your Toyota's and Honda's and don't worry about it

The Ford F150 makes a gross profit margin of $10,000 to $13,000/vehicle. It sells 800,000 F150s each year, for a profit of $8 billion or more on just the F150s.

I lease for $500 a month. That's $6000 a year to always have a new F150 with warranty. With ALL the features. Tire protection, damage protection, roadside assistance. I said yes to everything. $500 a month.

 

[1srelluc]

You just keep buying your Toyota's and Honda's and don't worry about it

The Ford F150 makes a gross profit margin of $10,000 to $13,000/vehicle. It sells 800,000 F150s each year, for a profit of $8 billion or more on just the F150s.

I lease for $500 a month. That's $6000 a year to always have a new F150 with warranty. With ALL the features. Tire protection, damage protection, roadside assistance. I said yes to everything. $500 a month.

Most folks can't write-off their lease costs.

 

[Rambunctious]

Nope. Look up the definition of a recession idiot.

I know the definition and it changes depending on who the president is.... and from which party he is a member of....
By every measure the economy is worse today than it was under Bush... but the media called the Bush economy a recession....

 

[Harpy Eagle]

I know the definition and it changes depending on who the president is.... and from which party he is a member of....
By every measure the economy is worse today than it was under Bush... but the media called the Bush economy a recession....

Did Bush have two quarters in a row of negative economic growth?

What was the UE under Bush when they called it a recession? What is the UE now?

 

[Rambunctious]

Did Bush have two quarters in a row of negative economic growth?

What was the UE under Bush when they called it a recession? What is the UE now?

His economy was called a recession and it was better than today's economy... you tell me why... you know why... we are in a recession whether the media will admit it or not....

 

[Harpy Eagle]

His economy was called a recession and it was better than today's economy... you tell me why... you know why... we are in a recession whether the media will admit it or not....

Because a recession has a specific meaning, there has to be negative growth for it to be a recession.

During the Bush recession, UE ranged from 5.0 to 9.5. Currently UE is 3.9.
During the Bush recession GDP growth per quarter was 1.38, 0.27, -2.54, -3.23, -3.98. Currently GDP growth is 4.9.

So, do tell what was better then compared to now?